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作者:Grubb, Michael D.
作者单位:Massachusetts Institute of Technology (MIT)
摘要:Consumers may overestimate the precision of their demand forecasts. This overconfidence creates an incentive for both monopolists and competitive firms to offer tariffs with included quantities at zero marginal cost, followed by steep marginal charges. This matches observed cellular phone service pricing plans in the United States and elsewhere. An alternative explanation with common priors can be ruled out in favor of overconfidence based on observed customer usage patterns for a major US cel...
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作者:Bertrand, Marianne; Schanzenbach, Diane Whitmore
作者单位:University of Chicago; University of Chicago
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作者:Mishkin, Frederic S.
作者单位:Columbia University; National Bureau of Economic Research
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作者:Bandiera, Oriana; Prat, Andrea; Valletti, Tommaso
作者单位:University of London; London School Economics & Political Science; Imperial College London; University of Rome Tor Vergata
摘要:s We propose a distinction between active and passive waste as determinants of the cost of public services. Active waste entails utility for the public decision maker, whereas passive waste does not. We analyze purchases of standardized goods by Italian public bodies and exploit a policy experiment associated with a national procurement agency. We find that: (i) some public bodies pay systematically more than others for equivalent goods; (ii) differences are correlated with governance structur...
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作者:Chen, Stacey H.; Chen, Yen-Chien; Liu, Jin-Tan
作者单位:University of London; Royal Holloway University London; Academia Sinica - Taiwan; National Taiwan University; National Bureau of Economic Research
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作者:Sullivan, Daniel; von Wachter, Till
作者单位:Federal Reserve System - USA; Federal Reserve Bank - Chicago; Center for Economic & Policy Research (CEPR); National Bureau of Economic Research; Columbia University
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作者:Chiappori, Pierre-Andre; Iyigun, Murat; Weiss, Yoram
作者单位:Columbia University; University of Colorado System; University of Colorado Boulder; Harvard University; Tel Aviv University
摘要:We present a model in which investment in schooling generates two kinds of returns: the labor-market return, resulting from higher wages, and a marriage-market return, defined as the impact of schooling on the marital surplus share one can extract. Men and women may have different incentives to invest in schooling because of different market wages or household roles. This asymmetry can yield a mixed equilibrium with some educated individuals marrying uneducated spouses. When the labor-market r...
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作者:Cooper, Russell; Willis, Jonathan L.
作者单位:University of Texas System; University of Texas Austin; European University Institute; Federal Reserve System - USA; Federal Reserve Bank - Kansas City
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作者:Almond, Douglas; Chen, Yuyu; Greenstone, Michael; Li, Hongbin
作者单位:Columbia University; Columbia University; Peking University; Peking University; Massachusetts Institute of Technology (MIT); Brookings Institution; National Bureau of Economic Research; Tsinghua University
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作者:Currie, Janet; Schmieder, Johannes F.
作者单位:Columbia University